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(From India Business Insight)
Patni Computer Systems, one of India's oldest software companies, is entering the market with an initial public offer (IPO) consisting of a fresh issue of 1,34,00,000 shares and offer for sale of 53,24,000 shares.
The total size of the issue is 1,87,24,000 in the price band of Rs200- 230 and the total issue will amount to Rs375 crore to Rs430 crore. Patni Computer Systems primarily focuses on providing IT services and its focus industries are insurance, manufacturing and financial services.
The GE group, which is the company's largest customer, accounted for 50.7 percent of its revenues in 2002. During Jan-Sep 2003, …